The Financial Market Supervision Authority (FIMSA) registered short-term notes of the Central Bank of Azerbaijan (CBA) for a total of AZN 50 million.
The circulation term of 500,000 short-term notes of CBA at a face value of 100 manat each is 28 days.
Recall that earlier on March 7, FIMSA registered short-term notes of CBA for the same amount.
In February, FIMSA registered 1 million 500 thousand short-term notes of CBA at a face value of 100 manat each.
Note that short-term notes are issued within the framework of anti-inflation measures. In addition, for the sterilization of money, CBA, starting from June 2016, holds a deposit auction every week. - 71D--
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review